引入动态AMM V2：反向日本拍卖费

5月23日，Solana联合创始人Anatoly Yakovenko在X帖子中分享了对动态AMM V2的见解。他将动态费用调度程序描述为限制狙击交易风险的一种简单，快速的方法。

May 23 saw Anatoly Yakovenko, co-founder of Solana, share insights on Dynamic AMM v2 in an X post. He highlighted the dynamic fee scheduler as a simple, fast way to limit sniper trading risk. Yakovenko likened the scheduler to a reverse Japanese auction mechanism for fee control. This update follows an announcement by Meteora Network of the full integration of DAMM v2 pools. The pools are now available on Axiom Exchange, Photon, Jupiter Exchange, and Dexscreener platforms. This integration makes Dynamic AMM v2 accessible to all projects within the Solana ecosystem.

5月23日，Solana的联合创始人Anatoly Yakovenko在X帖子中分享了对动态AMM V2的见解。他强调了动态费用调度程序是一种限制狙击交易风险的简单，快速的方法。 Yakovenko将调度程序比作反向日本拍卖机制以进行收费。此更新是在Meteora Network公告有关DAMM V2池的完整集成下的公告之后。现在可以在Axiom Exchange，Photon，Jupiter Exchange和DexScreener平台上获得池。这种集成使动态AMM V2可访问Solana生态系统中的所有项目。

Dynamic AMM v2 is a newly introduced automated market maker program for improved liquidity management. It provides more control over transaction fees compared to earlier versions. Unlike its predecessor, this version is a standalone implementation rather than an upgrade. A key innovation includes the LP Fee Scheduler, which lowers fees over time. This scheduler acts as a deterrent to automated sniper trades at launch events. Pool creators can now set provider fees that gradually decrease after launch. The program enhances flexibility for liquidity providers and token launch platforms.

Dynamic AMM V2是一项新引入的自动推销商计划，可改善流动性管理。与早期版本相比，它对交易费用提供了更多控制。与它的前身不同，此版本是独立的实现，而不是升级。关键创新包括LP费用调度程序，随着时间的推移降低了费用。该调度程序在发布会上对自动狙击交易的威慑作用。泳池创建者现在可以设定启动后逐渐减少的提供商费用。该计划增强了流动性提供商和代币启动平台的灵活性。

Moreover, Dynamic AMM v2 supports both SPL and Token 2022 token standards seamlessly. This compatibility enables features like transfer fee extensions and metadata pointers. Users can effortlessly leverage newer token functions across the Solana ecosystem. Additionally, the program introduces a concentrated liquidity model for higher capital efficiency. Liquidity can be focused within specific price ranges to improve returns. This option provides a level of control not available in traditional AMM systems. Developers can tune these settings to match their project needs flexibly. This feature supports optimized capital use across various market conditions and cycles.

此外，动态AMM V2都支持SPL和令牌2022代币标准。这种兼容性使得传输费用和元数据指针等功能。用户可以轻松利用整个Solana生态系统的新令牌功能。此外，该计划还引入了一个集中的流动性模型，以提高资本效率。流动性可以集中在特定的价格范围内，以提高收益。此选项提供了传统AMM系统中无法获得的控制水平。开发人员可以调整这些设置，以灵活地符合其项目需求。此功能支持在各种市场条件和周期中优化的资本使用。

Dynamic AMM v2 uses position NFTs instead of standard LP tokens for liquidity tracking. Each non-fungible token represents an individual liquidity position in a pool. Users can transfer these NFTs between wallets easily and securely. This approach allows new secondary markets for liquidity positions in the future. It marks a major architectural change in user participation tracking and management. Pool creators gain more control over position flexibility and trading options. This innovation could reshape liquidity pool interactions across decentralized finance platforms. Users may benefit from more transparent and transferable liquidity positions.

动态AMM V2使用位置NFT而不是标准LP代币进行流动性跟踪。每个不可杀死的令牌代表池中的单个流动性位置。用户可以轻松，安全地在钱包之间传输这些NFT。这种方法允许将来的新二级市场领取流动性位置。它标志着用户参与跟踪和管理的重大架构变化。泳池创建者对位置灵活性和交易选项获得更多控制权。这项创新可以重塑分散的金融平台之间的流动性池相互作用。用户可能会受益于更透明和可转移的流动性位置。

Dynamic AMM v2 introduces customizable fee structures for volatile markets. Creators set a base fee plus a variable component based on volatility. This structure can maximize returns for providers during price swings. Fee collection is now entirely separate from liquidity withdrawal processes. Providers can claim fees independently using preferred tokens like SOL or USDC. This change simplifies reward management for liquidity suppliers across pools. It also helps reduce complexity in multi-token reward distribution systems. Pools now support more granular fee and reward configurations for teams.

动态AMM V2引入了挥发性市场的可自定义费用结构。创建者设定基本费用以及基于波动率的可变组件。这种结构可以在价格波动期间最大化提供商的回报。现在，收费与流动性提取过程完全分开。提供者可以使用SOL或USDC（例如SOL或USDC）独立索取费用。此更改简化了跨池的流动性供应商的奖励管理。它还有助于降低多型奖励分配系统的复杂性。池现在支持团队的更多颗粒费和奖励配置。

Dynamic AMM v2 includes flexible liquidity lock options for pool creators. Locks can be permanent or subject to custom vesting schedules. Fee claims remain accessible despite liquidity being locked in pools. This approach balances long-term commitment with ongoing reward access for participants. The program now integrates a built-in farming mechanism directly into its code. Developers no longer need separate farming contracts for reward distribution. This integration streamlines setup and reduces external dependencies for protocols. Teams can deploy pools faster without requiring additional farming infrastructure.

动态AMM V2包括泳池创建者的灵活流动性锁定选项。锁可以是永久性的，也可以按自定义归属时间表。尽管流动性被锁定在池中，但仍可访问费用索赔。这种方法将长期承诺与参与者的持续奖励访问平衡。该计划现在将内置的农业机制直接集成到其代码中。开发人员不再需要单独的农业合同来奖励分配。此集成简化了设置并减少了协议的外部依赖关系。团队可以更快地部署游泳池，而无需额外的农业基础设施。

Unlike earlier versions, Dynamic AMM v2 does not integrate with Dynamic Vaults. Each liquidity pool now uses dedicated accounts for swap instruction processing. This separation improves transaction efficiency and lowers computational resource costs. Solana co-founder Anatoly Yakovenko’s praise for the rollout highlights the continued progress in the blockchain space. As part of this wave, Meteora Network aims to build customizable infrastructure for decentralized trading protocols. This has led to the creation of programs like the Dynamic AMM v2.

与早期版本不同，动态AMM V2与动态库不集成。现在，每个流动性池使用专用帐户进行交换指令处理。这种分离提高了交易效率并降低了计算资源成本。 Solana联合创始人Anatoly Yakovenko对推出的赞美强调了区块链空间的持续进展。作为此浪潮的一部分，Meteora网络旨在为分散交易协议构建可定制的基础架构。这导致创建了Dynamic AMM V2之类的程序。